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Inventories (Tables) | 6 Months Ended
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May 31, 2021
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| May 31, 2021 |  | November 30, 2020
Homes completed or under construction | $ | 1,840,982 |  |  | $ | 1,437,911 |
Land under development | 2,431,584 |  |  | 2,459,571 |
Total | $ | 4,272,566 |  |  | $ | 3,897,482 |
Land under development included land held for future development and land held for sale of $46.5 million and $.6 million, respectively, at May 31, 2021 and $74.0 million and $1.3 million, respectively, at November 30, 2020
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Three Months Ended May 31, |  | Six Months Ended May 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Capitalized interest at beginning of period | $ | 188,555 |  |  | $ | 192,125 |  |  | $ | 190,113 |  |  | $ | 195,738 |
Interest incurred | 31,110 |  |  | 31,055 |  |  | 62,202 |  |  | 62,017 |
Interest amortized to construction and land costs (a) | (39,600) |  |  | (28,746) |  |  | (72,250) |  |  | (63,321) |
Capitalized interest at end of period (b) | $ | 180,065 |  |  | $ | 194,434 |  |  | $ | 180,065 |  |  | $ | 194,434 |
(a)Interest amortized to construction and land costs for the six months ended May 31, 2021 included $.2 million related to land sales during the period. There was no such interest amortized for the three months ended May 31, 2021 or the three months and six months ended May 31, 2020. (b)Capitalized interest amounts reflect the gross amount of capitalized interest, as inventory impairment charges recognized, if any, are not generally allocated to specific components of inventory.

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
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